Toupargel Groupe reported unaudited sales results for third quarter and nine months of 2016. For the quarter, the company sales declined by 4.9% to EUR 64.5 million compared to EUR 67.8 million a year ago.

For the nine months, the company sales declined 4.6% to EUR 209.5 million compared to EUR 219.7 million a year ago, with two additional selling days compared with the year-earlier period.

The Group is pursuing its 2013-16 strategic plan and maintaining its targets for earnings and reduction in net debt. Management projects capital expenditure in the region of EUR 6 million in 2016.